People who owe Tinley Park money could see their state tax refunds or lottery winnings shrink, as village officials favor joining a state debt collection program. Village Board members last week unanimously approved the first reading of an ordinance that would allow the village to join the Local Debt Recovery Program offered by the state Comptroller. The village would be able to submit unpaid debts, such as tickets or utility bills, to the state and the Comptroller...

NEW YORK (Reuters) - Two consumer debt-buying firms have agreed to pay fines, and to stop pursuing $16 million of judgments against New York borrowers, to resolve allegations that they repeatedly brought improper debt collection actions. Portfolio Recovery Associates LLC will pay $300,000 and Sherman Financial Group LLC will pay $175,000 under separate settlements announced by New York Attorney General Eric Schneiderman on Thursday. Both firms specialize in buying...

(Reuters) - JPMorgan Chase & Co made mistakes while suing thousands of its credit card customers over non-payments, the Wall Street Journal reported, citing the bank's internal review of its debt-collection process. JPMorgan examined about 1,000 lawsuits and found mistakes in 9 percent of the cases, the Journal said, citing people familiar with the review. "Any rate above zero is high," one person familiar with the bank's conversations with regulators told the...

WASHINGTON - Chicago attorney Vickie Pasley, who was treasurer of Jesse Jackson Jr.'s campaign committee, has been fined $7,150 by the Federal Election Commission, newly released documents show. The fine, made public Friday, stems from the Jackson campaign's failure to file a 2012 end-of-year report on its finances. The report was due last Jan. 31. Jackson, 48, a Democrat from Chicago's South Side, resigned from Congress in November 2012 just weeks after...

* BofA denies allegations, agrees to settle for $32 million * Cash payout believed to be largest ever under 1991 law * Robocalling soars as technology makes auto-dial cheaper By Dena Aubin NEW YORK, Sept 30 (Reuters) - Bank of America has agreed to pay $32 million to settle charges that it made harassing debt collection calls to customers' cell phones, in what is believed to be the largest cash payout ever under a 1991 law meant to protect...

NEW YORK (Reuters) - Two consumer debt-buying firms have agreed to pay fines, and to stop pursuing $16 million of judgments against New York borrowers, to resolve allegations that they repeatedly brought improper debt collection actions. Portfolio Recovery Associates LLC will pay $300,000 and Sherman Financial Group LLC will pay $175,000 under separate settlements announced by New York Attorney General Eric Schneiderman on Thursday. Both firms specialize in buying...

WASHINGTON (Reuters) - The Senate on Tuesday confirmed a director of the Consumer Financial Protection Bureau, ending a nearly two-year standoff in Congress and putting the new agency on sounder legal footing. Democrats overcame long-held Republican objections to approve Richard Cordray's nomination to head the bureau, which was created by the 2010 Dodd-Frank Wall Street reform law. Bureau advocates and consumer law experts said Senate confirmation clears up a number of...

JPMorgan Chase & Co. made mistakes like listing incorrect balances and applying incorrect fees while suing thousands of its credit card customers over non-payments, the Wall Street Journal reported. JPMorgan examined about 1,000 lawsuits and found mistakes in 9 percent of the cases, the Journal said, citing people familiar with the bank's internal review of its debt-collection process. "Any rate above zero is high,” one person familiar with the bank's...

(Reuters) - JPMorgan Chase & Co made mistakes while suing thousands of its credit card customers over non-payments, the Wall Street Journal reported, citing the bank's internal review of its debt-collection process. JPMorgan examined about 1,000 lawsuits and found mistakes in 9 percent of the cases, the Journal said, citing people familiar with the review. "Any rate above zero is high," one person familiar with the bank's conversations with regulators told the...

Accretive Health Inc. is in little danger of losing any more of its customers and is considering doing away with its hospital debt-collection services, the company's chief executive said Wednesday. CEO Mary Tolan said farming out Accretive's consumer collection function to a third-party debt collector "is a viable strategic option that we will be looking at in the weeks ahead. " Such a move, she said, would not have a significant effect on the Chicago-based company's margins or...

JPMorgan Chase & Co. made mistakes like listing incorrect balances and applying incorrect fees while suing thousands of its credit card customers over non-payments, the Wall Street Journal reported. JPMorgan examined about 1,000 lawsuits and found mistakes in 9 percent of the cases, the Journal said, citing people familiar with the bank's internal review of its debt-collection process. "Any rate above zero is high,” one person familiar with the bank's...

NEW YORK (Reuters) - Oil services giant Schlumberger Ltd has improved its ability to collect the money it is owed by Venezuela's state oil company PDVSA and will now be able to recognize all revenue associated with its first-quarter operations in the country, Schlumberger's CEO said on Sunday. Schlumberger Chief Executive Officer Paul Kibsgaard's announcement, published in a press release, follows a warning from the company earlier in March that Venezuelan customers' rates...